Common use of Penalty for Failure to Furnish Taxpayer Identification Number Clause in Contracts

Penalty for Failure to Furnish Taxpayer Identification Number. If you fail to furnish your Taxpayer Identification Number to a payer, you are subject to a penalty of $50 for each such failure unless your failure is due to reasonable cause and not to willful neglect.

Penalty for Failure to Furnish Taxpayer Identification Number. If you fail to furnish your Taxpayer Identification Number taxpayer identification number to a payer, you are subject to a penalty of $50 for each such failure unless your failure is due to reasonable reason- able cause and not to willful neglect.